Kolkata, Nov. 2 -- Recognition of natural gas as an industrial growth driver, electricity tariff concessions for the food processing sector and investment-linked incentives are among the key expectations of Bengal's industry captains from the state government's new industrial policy, scheduled to be announced by Chief Minister Suvendu Adhikari on November 5.
Industry leaders believe that a policy focusing on easier clearances, access to land, reliable infrastructure and financial incentives could help Bengal emerge as a stronger investment destination and generate employment.
Prashant Modi, vice chairman and managing director of Great Eastern Energy Corporation Ltd, stressed the need to promote domestic natural gas production, pointing to Bengal's existing coal bed methane resources in the Raniganj coalfields and the potential of shale gas. He said the new policy should recognise natural gas as an enabler of industrial growth, with time-bound clearances and approvals through self-certification to accelerate business operations.
Mayank Jalan, chairman and managing director of Keventer Group, called for electricity tariff waivers or subsidies for the food processing sector, noting that cold chains alone account for around 40 per cent of power consumption. He also sought transparent land allotment and more plug-and-play infrastructure in food parks.
Ambuja Neotia Group chairman Harshvardhan Neotia emphasised quicker decisions, simpler procedures, industrial land availability and industry-linked skill development.
Mahesh Agarwal, managing director of Purti Realty, said interest subsidies, SGST reimbursement and EPF support could attract fresh investments and boost manufacturing. He also highlighted the potential for growth in industrial parks, warehousing and logistics infrastructure.
Published by HT Digital Content Services with permission from Millennium Post.